Shares of India's largest lender, State Bank of India (SBI) are likely to test levels of as high as ₹1,170, over the next 12 months, according to the highest price target given by analysts tracking the stock.

50 analysts have coverage on SBI currently, out of which 41 of them have a "buy" rating on the stock, eight say "hold", while one has a "sell" rating.

The consensus estimate of price targets implies a potential upside of 8.6% from current levels.

CLSA

CLSA has the highest target now on SBI, maintaining its "accumulate" rating and increasing its target to ₹1,170 from ₹1,050 earlier.

HSBC

HSBC also features among those analysts who expect the stock to cross ₹1,100 levels, as its "buy" recommendation comes with a revised price target of ₹1,110 from ₹960 earlier.

The brokerage st

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